Shares of Micron Technology (MU) Sees Large Outflow of Money

Micron Technology (MU) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (19.31 million) in Micron Technology (MU). On Monday, The value of composite uptick trades was $48.12 million, whereas, the value of composite downtick trades was $67.43 million and the ratio between the two was 0.71, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $26.46 million. $10.25 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.39. The negative money flow of ($16.21 million) shows selling on strength. Micron Technology (MU) gained $0.5 intraday at $14.93 and registrered 3.47% for the week.


Shares of Micron Technology, Inc. rose by 7.7% in the last five trading days and 18.28% for the last 4 weeks. Micron Technology, Inc. is up 60.43% in the last 3-month period. Year-to-Date the stock performance stands at 9.68%.

Micron Technology (NASDAQ:MU): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.09 and $15.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.53, notching a gain of 4.02% for the day. The total traded volume was 29,105,196 . The stock had closed at $14.93 on the previous day.

In a related news, The officer (VP Memory Solutions), of Micron Technology Inc, Shirley Brian had unloaded 48,750 shares at $12.37 per share in a transaction on July 5, 2016. The total value of transaction was $603,038. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Micron Technology, Inc. is a global provider of semiconductor devices. Through the Companys global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU), which includes DRAM and NOR Flash products; Mobile Business Unit (MBU), which includes DRAM, NAND Flash and NOR Flash products; Storage Business Unit (SBU), which includes NAND Flash components and Solid-State Drives (SSDs), cloud and removable storage markets. SBU also includes NAND Flash products, and Embedded Business Unit (EBU), which includes DRAM, NAND Flash and NOR Flash products.

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